BTC just broke another ATH, largely thanks to Elon Musk committing a 1.5 Billion investment via Tesla. This might lead to another wild 50 - 80% rise, I don't know the future, but I do remember that what directly preceded this rally was a big ole 30% retrace that had major new outlets proclaiming that the bull run was over (lol).
During the recent price ranging, we saw retraces of 10, 16, 20+ %. I would expect some sort of retest of recent ATH, and with BTC, I try to expect the unexpected. There's bound to be a lot of bullish sentiment right now, and new retail money Fomo'ing in. What better time for whales to take profits, squeeze longs, hunt stop losses, and load up even more before the next run up really takes off?
I'm not saying this will happen. Realistically, they probably already have been buying up BTC during the recent consolidation... BUT here are some possible reentry levels you may want to set some buys at, yknow, just in case...
These levels are based on previous support and order volume levels. Nothing too fancy.
happy trades
CD
During the recent price ranging, we saw retraces of 10, 16, 20+ %. I would expect some sort of retest of recent ATH, and with BTC, I try to expect the unexpected. There's bound to be a lot of bullish sentiment right now, and new retail money Fomo'ing in. What better time for whales to take profits, squeeze longs, hunt stop losses, and load up even more before the next run up really takes off?
I'm not saying this will happen. Realistically, they probably already have been buying up BTC during the recent consolidation... BUT here are some possible reentry levels you may want to set some buys at, yknow, just in case...
These levels are based on previous support and order volume levels. Nothing too fancy.
happy trades
CD